Technology (NIST) was established for the purpose of assisting United States businesses and institutions of higher education or other organizations, such as national laboratories and nonprofit research institutions, to support, promote, and accelerate innovation in the U.S. through high-risk, high-reward research in areas of critical national need. TIP seeks to support accelerating high-risk, transformative research targeted to address key societal challenges. Funding selections will be merit-based and may be provided to industry (small and medium-sized businesses), universities, and consortia. The primary mechanism for this support is cost-shared cooperative agreements awarded on the basis of merit competitions. AN AREA OF CRITICAL NATIONAL NEE
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